Helping ACT businesses reach the world stage
The ACT Government is supporting Territory businesses to sell their goods and services to the world, with the 2013-14 ACT Budget to contain $1.5m in funding for the Global Connect program.
Global Connect consists of a range of programs to raise awareness among Territory businesses about exporting, promote collaboration among local exporters, increase the number of local exporters and help them tap into new markets.
The Territory has a thriving community of exporters. The value of goods and services exports in the ACT increased by 9.4 per cent to $1.3 billion in 2011-12, the highest rate of growth in the nation. This included government services exports, which earned $438 million, education-related travel exports at $321 million, and other business services at $185 million.
The Global Connect program includes:
The Trade Connect Program – a competitive grants program providing funding to emerging ACT exporters to support trade development activities. Grants are provided on a dollar-for-dollar basis to a maximum of $15,000 per grant.
The ACT Exporters’ Network – provides a unique forum for new and experienced exporting companies to network, share knowledge and to expand and develop export markets. It operates under the umbrella of the Canberra Business Council, supported by the ACT Government.
The Trade Mission Program – delivered in partnership with program partners like Austrade, the program involves annual outbound ministerial trade missions supporting local companies.
The ACT Chief Minister's Export Awards – part of a national program to recognise excellence in export performance across a number of categories.
The Centre for Exporting Government Solutions – provides resources and expert mentoring to SMEs with a demonstrated capability of delivering innovative solutions to the Australian public sector to access international markets.
The ACT International Student Ambassador Program – a niche initiative that aims to leverage the international student experience of Canberra as both an international education marketing tool and as a skills network that can link to the ACT economy.
The ACT Government has long recognised the need for growing the export sector in order to help expand Canberra’s economic base, and continues to be committed to trade development by supporting our exporting community to develop new markets and help firms take the first steps towards exporting.
Trade development programs and activities have both direct and indirect impacts for local business. For example, trade development programs that connect businesses to other players in the export market are often just as important as grants or funding – collaboration and networking is often described as the invisible glue that makes successful regional enterprise development systems work.